DirecTV adds fewer U.S. subscribers in fourth quarter

Reuters News
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Posted: Feb 20, 2014 7:44 AM

(Reuters) - Satellite TV provider DirecTV added fewer customers in the United States and Latin America, its largest growth area, in the fourth quarter.

Net income attributable to the company fell to $810 million, or $1.53 per share, in the fourth quarter ended December 31 from $942 million, or $1.55 per share, a year earlier.

Revenue rose 7 percent to $8.59 billion.

U.S. net subscriber additions fell to 93,000 from 103,000 a year earlier, while new customers in Latin America dropped to 231,000 from 658,000.

(Reporting by Lisa Richwine in Los Angeles and Sagarika Jaisinghani in Bangalore; Editing by Saumyadeb Chakrabarty)